MotTrade_RR_Summary by wpr1947


									Motor Trade Road Risks – Policy Summary
The Insurance cover is provided by MMA Insurance plc, Norman Place, Reading,
Berkshire, RG1 8DA.

The Motor Trade Road Risks Insurance policy is for full or part-time motor traders,
working from commercial premises or from home, who require road risk cover for
their own vehicles, or vehicles in their custody or control for motor trade purposes.
Cover is only available to those motor traders who are a self-employed person or
persons actively operating a formal business, on a full or part-time basis, for profit,
either selling vehicles or providing a service relating to the repair or maintenance of
motor vehicles. Formal supporting documentation to demonstrate this may be

This Policy Summary does not describe all the terms and conditions of your policy,
so please take time to read the policy document to make sure you understand the
cover it provides.

Your cover is valid for 12 months and is renewable annually.

Significant features and benefits of the policy
There are three levels of cover to choose from: comprehensive, third party fire and
theft (most areas of the UK), or third party only cover (most areas of the UK).

  Type of cover                   Comprehensive        Third Party       Third Party
                                                       Fire & Theft         Only

  Legal liability for injury to
  passengers, the public and             4                  4                 4
  their property

  Legal defence costs for
  manslaughter or causing death          4                  4                 4
  by dangerous driving

  Loss of or damage to vehicles
                                         4                  4                  8
  by fire or theft

  Accidental damage, vandalism
                                         4                  8                  8
  or malicious damage
Significant features and benefits of the policy
The table below shows the benefits of this policy and the maximum amounts we will
pay in the event of a claim:

  Description                                                   Maximum Cover

  Legal liability for death and injury to anyone including      Unlimited

  Legal liability for damage to other people’s property         £1 million

  Legal defence costs for manslaughter or causing death         Unlimited
  by dangerous driving

  Loss and or damage to your vehicle caused by                  Minimum of:
  accidental damage, fire, theft or attempted theft             Trade Market Value
                                                                Own Vehicle Indemnity Limit Chosen*

  Loss and or damage to a vehicle not the property of           Minimum of:
  you, your spouse or any person named on the Certificate       Market Value
  of Motor Insurance and in your custody or control for         Customer Vehicle Indemnity Limit
  the purpose of service, upkeep or repair, caused by           Chosen*
  damage, fire, theft or attempted theft

  Audio equipment                                               £250

  • In the event of a claim the Indemnity Limit is applied per vehicle, per incident
  • Up to 6 named drivers for motor traders who work full-time and up to 3 named drivers for
    motor traders who work part-time
  • Cover for vehicles at home automatically included, even if you trade from home
  • No Claims discount of up to 4 years transferable from your private car, commercial vehicle or
    motor trade insurance
  • Introductory discounts available, if your other motor policy cover is continued or if you have
    proven claim free driving experience
  • Protected No Claims bonus available for full-time motor traders with 4 or more years Motor
    Trade No Claims Bonus
  • Demonstration cover available
  • Flexible limit of indemnity from £7,500 to £30,000 for comprehensive, full-time traders and
    from £7,500 to £12,500 for comprehensive, part-tme traders
    The indemnity limit is £5,000 to £7,500 for third party, fire and theft, full-time traders and
    £5,000 for third party, fire and theft, part-time traders
  • Split indemnities available for persons not involved with vehicle sales
  • Option to pay by instalments
  • Full cover whilst driving in the EU available for extra premium for you and your spouses vehicle
  • Discounts available for:
    – Increased excesses (comprehensive cover only)
    – Spouses who require social, domestic and pleasure cover only

*Indemnity is based upon the vehicle value limit selected.
Significant and unusual exclusions
or limitations of the policy
The table below shows exclusions that are contained in your policy.

  Policy Section                                                                              Page
  Information can                                                                               of
  be found in                   Significant Exclusions or Limitations                         Policy

  Definitions                   Any vehicle which is not, owned by you or your spouse,          5
  Insured Vehicle               if he or she is named as a driver under the policy, leased
                                to you on a lease agreement of a minimum duration of
                                12 months, or in your custody or control for motor trade
  MM                            purposes

  Definitions                   Vehicles owned by the insured and leased to any, other          5
  Insured Vehicle               person

  Definitions                   Vehicle transporters capable of carrying more than two          5
  Insured Vehicle               vehicles or any vehicle on such a transporter

  Definitions                   A vehicle that has been seized by any government or             6
  Insured Vehicle               public authority which was not your property, the
                                property of your spouse if he or she is declared as a
                                driver on this policy, or in your custody or control at the
                                time of seizure

  Exceptions to Section 2 (e)   Your legal liability as an employer                            22

  Exceptions to Section 1.1     Any vehicle in or on the Business Premises.                     19
  and                           Any Vehicle on a road at or within 400 metres of the
  Exceptions to Section 2.3     business premises, unless in the course of a journey           23
                                Any private residence you or any named driver uses is
                                not a business premises under this insurance

  Exceptions to Section 1.9     Any compulsory excess or voluntary excess as chosen by          19
                                you and which will be shown in the policy documentation
                                or consult your insurance broker or intermediary

  Exceptions in Section 1.9     Additional young driver excesses                                19
                                Drivers aged under 25 years £500,
                                Drivers aged 25 years and over with a full UK licence of
                                less than 12 months £200

  Exceptions to Section 1.13    Loss or damage as a result of deception, fraud, trick or       20
                                false pretence, or by use of a counterfeit or other form
                                of payment, a bank or building society will not accept

  Exceptions to Section 1.18    Loss or damage to any motorcycle, quadbike or trike            20

  Exceptions to Section 1.10    Loss or damage to the vehicle if the keys have been             19
                                left in the vehicle or the windows and doors have not
                                been closed and locked

Significant and unusual exclusions
or limitations of the policy

 Policy Section                                                                            Page
 Information can                                                                             of
 be found in                  Significant Exclusions or Limitations                        Policy

 Exceptions to Section 1.13   Loss or damage to the vehicle following theft or              20
                              attempted theft by a purported buyer

 Definitions                  Any accident, injury, loss, damage or liability whilst the     6
 Insured Vehicle              following vehicles are being used other than for motor
                              trade purposes:
                              • Commercial vehicles over 3.5 tons GVW
                              • Caravanettes, motor homes, motorcycles, quad bikes,
                                three-wheeled vehicles or kit vehicles
                              • Vehicles manufactured in the USA or Canada unless
                                specifically manufactured for sale in the UK
                              • Vehicles with more than 7 passenger seats
                              • Vehicles manufactured before 1 January 1980
                              • Vehicles modified from the manufacturer‘s original
                                specification in order to improve performance
                              • Vehicles with a fibreglass bodyshell

 Exceptions applicable        Vehicles driven by or in the custody or control of any         14
 to all Sections              person not declared on the Certificate of Motor Insurance

 Conditions applicable        Failure to declare vehicles owned by you will prejudice        12
 to all Sections              your claim. We may at our option reduce cover to Third
                              Party Only, which means the damage to your vehicle will
                              not be covered

How to contact us to make a claim
In the event of any accident, injury, loss or damage involving a vehicle insured by this
policy, you must telephone the MMA Motor Trade Care Line 0844 902 2220 as
soon as possible after the event. The Motor Trade Care Line is available 24 hours a
day, 365 days a year.

Please give your MMA Motor Trade Care Line advisor the following:
• Policy Number, your name/driver’s name;
• Vehicle make, model and registration number;
• Details of the incident including name and address of the other driver, their
  insurance company, policy number and car registration number.

After you have reported the incident, our claims team will send you a Statement of
Fact containing the details you have provided and request any further information
required to proceed with your claim.

How to cancel your policy
You may cancel the policy, by giving a written instruction to us at any time.

You have a statutory right (under Financial Services Authority rules) to cancel your
policy during a period of 14 days from the day of purchase of the contract or the
day on which you receive your policy documentation whichever is the later.

If you exercise this right, you will be entitled to a refund of the premium paid subject
to a deduction for the period for which you received cover, and a service charge of

To exercise your right to cancel, please contact your insurance advisor at the address
shown on your policy schedule.
How to make a complaint
It is always our intention to provide a first class standard of service. However we
do appreciate that occasionally things go wrong. In some cases your broker or
intermediary who arranged the insurance will be able to resolve any concerns, and
you should contact them directly.

Alternatively, if you need to complain, please contact us at the following address,
quoting your policy or claim number.
Quality Assurance, MMA Insurance plc, Norman Place, Reading RG1 8DA.
Telephone: 0844 902 1000

Full details of the MMA Internal Complaints Procedure are detailed in our leaflet
‘Complaints Procedure’ which is available on request or may be downloaded from
our website.

If you should remain dissatisfied, once MMA has had the opportunity to resolve your
complaint, you may be eligible to refer your complaint to the Financial Ombudsman
Service (FOS). For further details they can be contacted at South Quay Plaza,
183 Marsh Wall, London E14 9SR.

Financial Services Compensation Scheme (FSCS)
We are covered by the Financial Services Compensation Scheme (FSCS). You may be
entitled to receive compensation from the scheme if we cannot meet our obligations.

Further information is available from the Financial Services Compensation Scheme,
7th Floor, Lloyds Chambers, Portsoken Street, London E1 8BN (website

All information in this document is correct at the time of printing (April 2010), for full
up to date information please visit our website

MMA Insurance plc
Registered in England and Wales No. 613259
Registered Office: Norman Place, Reading RG1 8DA
Telephone: 0844 902 1000 Fax: 0118 955 2211
Authorised and regulated by the Financial Services Authority No. 202277               L111F 04/10

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